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Better recognized as Roaring Kitty, Keith Gill is a well-known trader who has recently stirred the Bitcoin market. On Wednesday, a Rick James-themed GIF he posted online caused an unexpected development in some meme coins. Coins like GmeStop and GameStop Coin, motivated by GameStop Corp., increased considerably.
Even unrelated coins, including Kitty AI, experienced an increase. These meme coins are not officially linked with GameStop or Roaring Kitty, but are based on market expectation. Roaring Kitty returned to social media in 2024 after a long break, and his posts continue to impact markets and cryptocurrencies.
Roaring Kitty's Rick James-Themed Post Triggers 300% Rally In GameStop Coin.
Cryptocurrencies connected to Keith Gill, aka Roaring Kitty, raised dramatically overnight on Wednesday after the famous trader released a Rick James-themed GIF. The post delivered comedy icon Dave Chappelle, who resembled star musician James, but the market reference was not rapidly evident. But that created no difference for Bitcoin enthusiasts.
GameStop (GME), a meme currency introduced on Solana (CRYPTO: SOL), raised by more than 13% in the previous 24 hours, whereas GameStop currency (GME), created with BNB Chain (CRYPTO: BNB), raised by 328%.
These coins were created with GameStop Corp. (NYSE:GME), the meme stock at the heart of Roaring Kitty's unusual short squeeze in 2021. Even currencies identified with Kitty benefited, with Solana-based Kitty AI increasing by more than 6% in 24 hours.
It should be pointed out that these meme currencies have no basic concepts tied to GameStop or Roaring Kitty but are simply capitalizing on the expectation of a short squeeze in meme stock and a likely repeat of the 2021 incident.
Roaring Kitty came back to social media in 2024 after a three-year sabbatical, publishing irregularly through his X account. His posts have consistently changed the stock and cryptocurrency markets.
Key Takeaways
- Keith Gill, aka Roaring Kitty, posted a GIF online, letting meme coins such as GmeStop and GameStop Coin experience major price increases.
- These coins are not officially connected with GameStop or Roaring Kitty, but they acquired traction because of conjecture about his change.
- Roaring Kitty returned to social media in 2024 and has had a big effect on the stock and cryptocurrency markets.
